UK's Weakest Link

This problem could be solved using a concept I published back in 2017 regarding entity verification and clearing to conduct financial transactions. In this case, the UK could certainly be doing more to screen real estate transactions and facilitating agents:

Creating and maintaining a centralized database of all persons and entities cleared to conduct business with domestic FIs or agencies;

Receiving and processing applications of persons and entities requesting to conduct business with domestic FIs or agencies;

Money laundering has been pinpointed as a problem for the UK, with trillions of pounds thought to be sloshing through banks and properties. It has been pinpointed as a target for the government, with economic secretary to the Treasury John Glen saying that “money laundering regulation exists to help protect honest business, so anyone who flaunts the law should know that swift action will be taken.”
However, the perception of how swift and meaningful that action is appears to differ from reality.
HMRC has conducted fewer than 55 investigations against estate agents for breaches of the UK’s money laundering regulations in the last six years, according to information gathered by law firm Fieldfisher using freedom of information legislation. Estate agents have been singled out by the security minister, Ben Wallace, as a “weak link” in the UK’s anti-money laundering defences.

“It’s all good & well having the laws in place, but if they’re not being implemented properly, there’s no point.” Read how the ‘overcrowding’ of UK #ML regulators is causing a lack of #coordination, the ‘weak link’ in the UK fight against #DirtyMoney. https://t.co/VIQo6IkGuC